About SSIJX
American Beacon SSI Alternative Income Fund R5 is an actively managed mutual fund designed to generate income and offer absolute returns, positioning itself as a defensive complement within fixed-income allocations. Managed by SSI Investment Management, the fund primarily invests in convertible securities, supplemented by strategic exposures to equities, preferred stocks, and short positions. Its investment strategy combines quantitative analysis and fundamental research to seek consistent, risk-adjusted returns and preserve capital, particularly in volatile market environments. The fund holds positions across diverse sectors, including health technology, technology services, real estate investment trusts, and consumer services, making it broadly diversified across the U.S. economy. As of June 2025, convertibles represent the majority of holdings by value, with an average hedge ratio of 47%, reflecting robust risk management. Maturities are chiefly concentrated in the short- to intermediate-term range, enhancing liquidity and reducing interest rate sensitivity. With exposure to over 120 issuers and a focus on institutional and high-net-worth investors, this fund serves as a sophisticated alternative income solution within the wider fixed-income universe.
Fund Family American Beacon
Category Relative Value Arbitrage
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol SSIJX
Share Class R5 Class
Index ICE BofA US 3-Month T Bill TR IX
SSIJX had a total return of 3.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.27%.
